During a business records check (BRC) a Tax Officer will view your business records to assess whether those records are ‘adequate’. The Tax Officer will be looking for the following errors in the business records:

• Understated sales;
• Overstated expenses; and
• Private expenditure claimed as business costs.

If the Tax Officer concludes that your business has failed to keep adequate records he can impose a penalty of up to £3,000. If you are asked for an appointment for a business records check contact us immediately.

CLICK HERE - Extension of business records checks

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